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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2755952 times)
landomata
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February 05, 2014, 02:46:08 PM
 #29741


You get the causality wrong.

Let me explain:

One idea of Nxt was, theoretically, to be able to handle 1000TPS. To dethrone VISA maybe with their bullshit high fees. Some small shop owners lose 50% of there marge today because of VISA. Think about it.

Now, Nxt is the saviour. If we want to get to the Mars/Moon, there needs to be something like "well, no problem, we can easily handle 1000TPS in the future if we want. Just some coding and done". <- This maybe leads to 1000 TPS in the future -> to the mars in the future. Not the other way around.

btw visa handles 2000 TPS on average I believe.


My thinking is clear on this....why?

1) 70% of the world doesn't use VISA but they use MONEY.

2) 70% of the world will have a smartphone by 2015.

3) Smartphone processing speed and storage work to Moore's law.


The above point should give the proper perspective.

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pinarello
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February 05, 2014, 02:48:16 PM
 #29742






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February 05, 2014, 02:50:10 PM
 #29743







CIYAM
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February 05, 2014, 02:51:00 PM
 #29744

Well, we have to admit that 1000TPS is still possible. For 1000TPS, 300GB blockchain is, maybe, freaking small. Don't you think?

Maybe it is or maybe it isn't (still not quite clear to me) but do we really *need* to be marketing this angle *now*?

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
rickyjames
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February 05, 2014, 02:52:06 PM
 #29745


Well, we have to admit that 1000TPS is still possible. For 1000TPS, 300GB blockchain is, maybe, freaking small. Don't you think?


I have no idea.  I just know I'd rather have somebody in this thread educate me with a discussion of this topic instead of Turing complete languages.
Vega
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February 05, 2014, 02:53:46 PM
 #29746

Well, we have to admit that 1000TPS is still possible. For 1000TPS, 300GB blockchain is, maybe, freaking small. Don't you think?

Maybe it is or maybe it isn't (still not quite clear to me) but do we really *need* to be marketing this angle *now*?


We really not. What we need is developers with some focus. Devs with vision is nice, but this is a clusterfuck.

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February 05, 2014, 02:54:28 PM
 #29747

I have no idea.  I just know I'd rather have somebody in this thread educate me with a discussion on this topic instead of Turing complete languages.

I think it would be better not to be marketing about 1000+ TPS and CfB seemed to agree that "even 100 TPS would be very good".

Bitcoin can only "theoretically" handle 7 TPS *now* so if Nxt is able to do more than 10x that I think it will be "good enough" for at least a year (and would still put it well in front of the competition).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
Jean-Luc
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February 05, 2014, 02:57:07 PM
 #29748

-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1

Release 0.5.12

http://download.nxtcrypto.org/nxt-client-0.5.12.zip

sha256: 30856c5f76b4194d40ece68d480956999ff8072b7b6a78b0be7d9da535dc969a

Change log:

Fixed a critical bug. Everybody should upgrade immediately.


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lead Nxt developer, gpg key id: 0x811D6940E1E4240C
Nxt blockchain platform | Ardor blockchain platform | Ignis ICO
Damelon
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February 05, 2014, 02:59:22 PM
 #29749

Well, we have to admit that 1000TPS is still possible. For 1000TPS, 300GB blockchain is, maybe, freaking small. Don't you think?

Maybe it is or maybe it isn't (still not quite clear to me) but do we really *need* to be marketing this angle *now*?


As an "average" user, I cba about 1000TPS at this moment.
It´s a nice number I suppose, but the thing we marketed is basically "faster than BTC and doable for everyone".

If we can satisfy both of these with lower specs, I would be happy.

Of course there will be some sneering from people, but f*ck ´em if we still deliver the above and work from there. Smiley

Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
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irrawaddybtc
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February 05, 2014, 02:59:47 PM
 #29750

Quote
Might I suggest that you do not hold your breath as you wait for the apology?

I obviously can’t stay in a community where four words and a stupid smiley makes somebody wish you death and don’t even think about apologizing (don’t bother doing it now in case your consciousness suddenly wakes up, it’s too late).

And I am tired of being one guy on the other side of everybody else. A cohesive community is much more important than stupid arguments.

So that’s the end for me.

Please withdraw all your money from the exchange, it will be closed in a few days.

Thank you to those people who said kind words.

And thank you to the people who were always nice to me, you know who you are, I am going to miss you.


Too bad... I really liked your exchange.
BitcoinForumator
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February 05, 2014, 03:06:30 PM
 #29751

http://www.nxtcrypto.org/nxt-coin/client-download
landomata
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February 05, 2014, 03:06:58 PM
 #29752

One thing is for sure a Turing-Complete Nxt would have much more marketing WOW than 1000 TPS Nxt.

I think everyone can clearly see that fact with Ethereum.


mikesbmw
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February 05, 2014, 03:07:16 PM
 #29753

Hmmm...i like the drama of gold on black, but I can see your point. Maybe slightly too Evil....
I'll have a fiddle with colours if i get some time later on.
Any feedback on text or layout ?

Text and layout are fine. Good readability, especially for a sticker with those dimensions.

Personally I would make a sticker with the color scheme of the nxtcrypto site.
Keep everything in the same style, so that it's easily recognizable, for now at least.

Wouldn't it also be wise to choose one logo as THE logo? The "think green" one is especially pleasing and clever:

- It promotes eco-friendliness
- It shows it's a coin currency  Wink
- nxtcrypto.org is mentioned
- It has those NXT symbols

And it's very distinct.


NXT: Next Generation of Cryptocurrency http://nxtcrypto.org
NEM:New Economy Movement http://www.ournem.com/
Come-from-Beyond
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February 05, 2014, 03:08:27 PM
 #29754

Time to move to smaller fees. What MIN fee should we set? Remember that lower values make it cheaper to bloat the blockchain.

Discuss.
Passion_ltc
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February 05, 2014, 03:09:50 PM
 #29755

Time to move to smaller fees. What MIN fee should we set? Remember that lower values make it cheaper to bloat the blockchain.

Discuss.
Start with 0.25. After this we will make it 0.1. Later 0.01.

landomata
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February 05, 2014, 03:10:06 PM
 #29756

Time to move to smaller fees. What MIN fee should we set? Remember that lower values make it cheaper to bloat the blockchain.

Discuss.
0.01 Nxt


CIYAM
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February 05, 2014, 03:10:18 PM
 #29757

One thing is for sure a Turing-Complete Nxt would have much more marketing WOW than 1000 TPS Nxt.

I think everyone can clearly see that fact with Ethereum.

Actually - I don't see it (and I knew about that project before most others). Average people don't even know who Alan Turing is and I think would understand something like "can process transactions as fast as VISA can" much better than something that is "Turing complete" (they would probably say "oh - so did this Turing guy forget to complete something and why is it that we need to do that now?").

On the fees - I'd go with divide it by 10 (so 0.1) and see how that goes first before perhaps dividing by 10 again (maybe that won't be necessary for some months).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
CIYAM
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February 05, 2014, 03:13:08 PM
 #29758

Is that poll we had void?

I think CfB had said something along the lines of "voting should not be via forum polls but instead via posts" presumably made into this topic.

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
landomata
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February 05, 2014, 03:15:07 PM
 #29759

One thing is for sure a Turing-Complete Nxt would have much more marketing WOW than 1000 TPS Nxt.

I think everyone can clearly see that fact with Ethereum.

Actually - I don't see it (and I knew about that project before most others). Average people don't even know who Alan Turing is and I think would understand something like "can process transactions as fast as VISA can" much better than something that is "Turing complete" (they would probably say "oh - so did this Turing guy forget to complete something and why is it that we need to do that now?").

On the fees - I'd go with divide it by 10 (so 0.1) and see how that goes first before perhaps dividing by 10 again (maybe that won't be necessary for some months).


Think competition.

Passion_ltc
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February 05, 2014, 03:15:33 PM
 #29760

Is that poll we had void?

I think CfB had said something along the lines of "voting should not be via forum polls but instead via posts" presumably made into this topic.


If you can wait until tomorrow we can use NXTvote for this. Smiley

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